Nigerian billionaire Aliko Dangote has launched Africa's largest share sale yet with the initial public offering (IPO) of his oil refinery, aiming to raise up to $2.1 billion from the general public.

• The IPO offers a roughly 3% stake in the refinery.
• Key figures include Aliko Dangote, President and Chief Executive Officer of Dangote Group, and the Dangote Refinery.
• The offer is being marketed as a "people's IPO" with a low minimum investment of about $4, allowing ordinary Nigerians to participate in the plant's expansion.

Africa's richest man, Aliko Dangote, has launched the continent's largest share sale, offering a stake in his Dangote refinery to the public with the potential to raise up to $2.1 billion.

• The initial public offering (IPO) is for approximately 3% of the Dangote refinery.
• This historic event involves Aliko Dangote, a Nigerian billionaire and Africa's richest man.
• The Dangote refinery, which started production in 2024, is one of the largest in the world and now supplies over 70% of Nigeria's energy needs.

Kenyan President William Ruto announced that the government is in talks with Africa's wealthiest man, Aliko Dangote, to construct a crude oil pipeline from Lamu to Turkana. This project is part of Dangote's planned multi-trillion shilling refinery in Lamu.

• The proposed pipeline aims to unlock the oil potential in Turkana for processing at Dangote's refinery, with construction set to launch on September 30.
• Key players are Aliko Dangote and the Kenyan government.
• Dangote is preparing to invest Ksh2.59 trillion ($20 billion) in the Lamu refinery, which is expected to have a daily processing capacity of 700,000 barrels.